Daily Current Affairs: 01 May 2014

1) International
Labour Day observed: May 1 was celebrated as International Labour Day to
celebrate the achievements of workers. May day symbolizes the struggle of the
international labour movement. Labour Day has its origins in the labour union
movement, specifically the eight-hour day movement, which advocated eight hours
for work, eight hours for recreation, and eight hours for rest.

2) IIT
Guwahati makes it to world's top 100 universities: The Indian Institute of
Technology, Guwahati, has shown the way. The young IIT from Assam has brought
cheer to Indian academic institutions by occupying a place among the top 100
world universities — under 50 years of age — published by London-based Times
Higher Education (THE) magazine. IIT Guwahati has been placed 87th in the
ranking that analysed 800 new-breed universities from 29 countries, including
the US and the UK.

3) Manoj
Vaish quits as MD and CEO of MCX: Manoj Vaish has resigned as the managing
director and chief executive officer of Multi Commodity Exchange of India Ltd
(MCX) after just three months on the job—the latest departure in an executive
exodus that comes at a time when parent Financial Technologies (India) Ltd
(FTIL) is under mounting regulatory pressure to pare its stake in the exchange
from 26% to 2%. Vaish has resigned on health grounds, MCX said in a statement
on Thursday. He will work with the board to ensure a smooth transition, the
company said.

4) India
slip to 5th rank in ICC's annual list for Test teams: India's dismal
performance in the international season gone by pushed them down the ladder in
the ICC Test rankings with the team finishing fifth in the annual updated list
issued on Thursday. Australia have gone top in both the formats for the first
time since December 2008. Australia last held the number-one Test ranking in
August 2009, when they were displaced after losing 2-1 to England. India, who
were thrashed during trips to South Africa and New Zealand in their most recent
Test assignments, have slipped from third to fifth in the table after dropping
10 ratings points.

5) India regained No.1 rank in T20: India
on Thursday climbed up a position and regained its number one ranking in
Twenty20 Internationals after the annual update of the ICC Rankings, which was
announced in Dubai.

6) Mahatma
Gandhi Pravasi Suraksha Yojana scheme launched in UAE: A leading Indian
financial and health care service player has tied up with the UAE Exchange to
offer Mahatma Gandhi Pravasi Suraksha Yojana Scheme in the Gulf country. The
announcement was made in Abu Dhabi yesterday in the presence of Indian
Ambassador to the UAE, T P Seetharam, and other senior officials from the Indian
Embassy in Abu Dhabi.

7) .london
web domain name goes on sale for first time: The new .london internet
domain name has gone on sale for the first time, offering individuals and
businesses the city-specific address. More than 50,000 people have expressed an
interest in using the name as an alternative to .com or .co.uk.

8) Woman
techie killed, 14 injured in twin blasts on train in Chennai: A woman was
killed and at least 14 people were injured in two "low-intensity"
explosions that took place on Guwahati-Bangalore Express at Chennai Central
railway station on Thursday. The Tamil Nadu Police detained a person for
questioning. Authorities suspect the blasts were caused by bombs planted on the
train, said M Bhupati, spokesperson of Southern Railway. Condemning the blasts,
Prime Minister Manmohan Singh said such "barbaric acts" highlight the
"desperation and cowardice" of those responsible. He asserted that no
efforts would be spared in bringing the perpetrators to justice.